3M (MMM)
NYSEIndustrialsConglomeratesSnapshot 2026-09-04
$168.56+0.15%
Close 2026-09-04 · 1-day change
NYSEIndustrialsConglomeratesSnapshot 2026-09-04
QuarterlyIQ Insights · MMM
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 17.6% |
| Our one-year growth estimate | diamond | 4.0% |
Growth built into the price is above our model estimate.
The price assumes 13.6 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Model as of 2026-09-04 · Compared with 9 industry peers
MMM — credit agreement
Dated 2026-08-19
Entry Into a Material Definitive Agreement On August 17, 2026 (the “Effective Date”), 3M Company (the “Company”) entered into a new credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent; certain subsidiaries of the Company from time to time party thereto, as subsidiary borrowers (together with the Company, the “Borrowers”); and certain financial institutions as lenders. Pursuant to the terms of the Credit Agreement, the lenders thereunder have agree…
Why it matters: Meeting or exceeding this EPS target shows strong earnings growth and supports full-year guidance.
Supportive ifQ3 adjusted EPS reported at or above $2.40.
Worry ifQ3 adjusted EPS reported below $2.40.
Why it matters: Strong cash flow helps with investments and returns to shareholders.
Supportive ifAdjusted operating cash flow exceeds $1.4 billion in Q3 2026.
Worry ifAdjusted operating cash flow falls below $1.2 billion in Q3 2026.
Why it matters: A higher operating margin means better cost control and more profit. This helps long-term growth.
Supportive ifThe operating margin is over 23.8%.
Worry ifThe operating margin is under 23.8%.
Why it matters: The results of PFAS lawsuits can greatly impact 3M's finances and reputation.
Worry ifA good outcome or settlement in PFAS litigation can lower financial risks.
Less concerning ifA bad ruling or higher costs related to PFAS litigation.
Why it matters: Growing margins show better cost control and efficiency.
Supportive ifAdjusted operating margin rises by at least 70 basis points from Q2 2026.
Worry ifAdjusted operating margin does not rise or falls compared to Q2 2026.
Why it matters: Hitting the adjusted EPS target of $8.80 to $8.95 shows strong earnings growth. This supports management's confidence in future performance.
Supportive ifAdjusted EPS for Q3 2026 is reported at or above $2.40, supporting the full-year guidance.
Worry ifAdjusted EPS for Q3 2026 is below $2.40. This shows weaker earnings growth.
Why it matters: Litigation costs can impact earnings and cash flow. Monitoring these costs is key to understanding financial risks.
Worry ifLitigation costs are below $0.04 per share.
Less concerning ifLitigation costs are above $0.04 per share.
Why it matters: Reaching this cash flow target shows strong finances and good capital use.
Supportive ifOperating cash flow reaches or exceeds $5.6 billion by year-end 2026.
Worry ifOperating cash flow falls below $5.6 billion by year-end 2026.
Why it matters: Achieving this growth rate confirms demand for 3M's products and supports overall revenue growth.
Supportive ifOrganic sales growth reported at or above 3.5% for 2026.
Worry ifOrganic sales growth is below 3.5% for 2026.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$82 on $10,000 · ±0.8% | How much price usually moves either way. |
| Bad day | $230 loss on $10,000 · 2.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,877 loss on $10,000 · 18.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.